Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Hedera Hashgraph (HBAR) Price forecast before 19 May

2025-05-18

Jesse Pollak explains how Pectra Upgrade will overload the basic network

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Jesse Pollak explains how Pectra Upgrade will overload the basic network

    2025-05-18

    Ice Open Network welcomes Soonchain AI in its online+ ecosystem to stimulate Web3 AI-Game Development

    2025-05-18

    Chainware and Karatdao work together to redefine security and identity in chains

    2025-05-18

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18
  • NFT

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin is on the verge of a deep corrective move after BTC’s rally to $30,000, according to top trader
Analysis

Bitcoin is on the verge of a deep corrective move after BTC’s rally to $30,000, according to top trader

2023-10-17No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A trader who hit the bottom of Bitcoin’s (BTC) bear market in 2018 believes the crypto king is gearing up for a more than 20% pullback.

Pseudonymous analyst Bluntz tells his 225,200 followers on social media platform

According to the analyst, Bitcoin’s recent rally appears to be part of a corrective ABC move that could send BTC down all the way to $22,376.

“Nice increase on BTC overnight, straight into my target price. I haven’t had such a smooth transaction in a long time in this choppy, disgusting market, but I’m now out of the loop again. I’m not sure we can just shoot to new highs from here; this will be a pretty strong resistance in my opinion.

I’m still acutely aware that this move up could be a B wave, not enough conviction to stay short, but I’m happy to be sidelined again for a while and see how this unfolds.

Image
Source: Bluntz/X

Bluntz uses Elliott Wave theory in his technical analysis, an approach that attempts to predict future price action by following the psychology of the crowd that often manifests itself in waves. According to the theory, a bullish asset may witness an ABC correction wave after a rise to consolidate its gains ahead of the next rise.

On Monday, Bitcoin briefly rose above $30,000 following erroneous reports that the U.S. Securities and Exchange Commission (SEC) has greenlit BlackRock’s bid for a spot-based BTC exchange-traded fund (ETF).

Bitcoin has since retreated and is trading at $28,478 at the time of writing.

Don’t miss a beat – Subscribe to receive email alerts straight to your inbox

Check price action

follow us on Tweet, Facebook And Telegram

Surf to the Daily Hodl mix

Generated image: Midjourney



Source link

See also  Bitcoin falls below the key $40,000 threshold as the sell-off continues
Bitcoin BTCs corrective Deep Move rally Top trader verge
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

2025-05-18

Mastermind Behind Sec Sim -exchange schedule sentenced to 14 months in prison for manipulating Bitcoin price

2025-05-18

Bitcoin: This indicator reflects 2024’s Bull Run – will history repeat?

2025-05-18

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18
Add A Comment

Comments are closed.

Top Posts

Bitcoin Price Extends Rally Above $42K, But Signs of Trend Exhaustion Appear

2023-12-05

Nimble Network integrates with the BNB Chain data storage mechanism

2024-04-15

CrossFi partners with DecentralGPT to drive next-generation decentralized AI and Blockchain solutions

2024-12-19
Editors Picks

June records 23% decrease in NFT thefts, but don’t celebrate just yet

2023-07-03

Blackpink Joins Roblox with Interactive Fan Experience

2023-08-22

Polygon zkEVM Sees Dramatic Increase in DEX Volumes – Why?

2023-12-30

The Metaverse Office Dilemma

2023-06-30
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

$ 10 million bitcoin? Investment Pro calls it ‘chance’ of your life

Hedera Hashgraph (HBAR) Price forecast before 19 May

Jesse Pollak explains how Pectra Upgrade will overload the basic network

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,256.85-0.07%
  • ethereumEthereum(ETH)$2,390.61-3.72%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-0.62%
  • binancecoinBNB(BNB)$638.88-0.72%
  • solanaSolana(SOL)$165.71-1.16%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2197131.49%
  • cardanoCardano(ADA)$0.73-2.15%
  • tronTRON(TRX)$0.261578-3.88%
  • suiSui(SUI)$3.780.51%
  • chainlinkChainlink(LINK)$15.19-1.65%
  • avalanche-2Avalanche(AVAX)$21.91-1.85%
  • stellarStellar(XLM)$0.281121-2.13%
  • hyperliquidHyperliquid(HYPE)$25.86-2.03%
  • shiba-inuShiba Inu(SHIB)$0.0000140.06%
  • hedera-hashgraphHedera(HBAR)$0.189275-1.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.29%
  • bitcoin-cashBitcoin Cash(BCH)$392.14-1.53%
  • the-open-networkToncoin(TON)$3.03-1.39%
  • litecoinLitecoin(LTC)$96.950.04%
  • polkadotPolkadot(DOT)$4.54-1.98%
  • moneroMonero(XMR)$343.241.13%
  • bitget-tokenBitget Token(BGB)$5.120.30%
  • pepePepe(PEPE)$0.0000135.14%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.731.72%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.76-0.14%
  • bittensorBittensor(TAO)$403.99-4.85%
  • nearNEAR Protocol(NEAR)$2.70-0.04%
  • aaveAave(AAVE)$217.22-1.90%
  • okbOKB(OKB)$52.33-1.52%
  • aptosAptos(APT)$4.94-3.04%
  • ondo-financeOndo(ONDO)$0.91-1.58%
  • kaspaKaspa(KAS)$0.108151-1.22%
  • internet-computerInternet Computer(ICP)$5.07-1.93%
  • ethereum-classicEthereum Classic(ETC)$17.73-2.59%
  • gatechain-tokenGateToken(GT)$21.46-0.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.760.26%
  • crypto-com-chainCronos(CRO)$0.095806-2.00%
  • mantleMantle(MNT)$0.730.59%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231707-0.68%
  • vechainVeChain(VET)$0.027554-0.98%
  • render-tokenRender(RENDER)$4.46-2.13%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • ethenaEthena(ENA)$0.361451-0.70%
  • algorandAlgorand(ALGO)$0.216317-0.38%
  • filecoinFilecoin(FIL)$2.78-0.93%
  • cosmosCosmos(ATOM)$4.71-0.43%
  • bitcoinBitcoin(BTC)$103,256.85-0.07%
  • ethereumEthereum(ETH)$2,390.61-3.72%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-0.62%
  • binancecoinBNB(BNB)$638.88-0.72%
  • solanaSolana(SOL)$165.71-1.16%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.2197131.49%
  • cardanoCardano(ADA)$0.73-2.15%
  • tronTRON(TRX)$0.261578-3.88%
  • suiSui(SUI)$3.780.51%
  • chainlinkChainlink(LINK)$15.19-1.65%
  • avalanche-2Avalanche(AVAX)$21.91-1.85%
  • stellarStellar(XLM)$0.281121-2.13%
  • hyperliquidHyperliquid(HYPE)$25.86-2.03%
  • shiba-inuShiba Inu(SHIB)$0.0000140.06%
  • hedera-hashgraphHedera(HBAR)$0.189275-1.37%
  • unus-sed-leoUNUS SED LEO(LEO)$8.650.29%
  • bitcoin-cashBitcoin Cash(BCH)$392.14-1.53%
  • the-open-networkToncoin(TON)$3.03-1.39%
  • litecoinLitecoin(LTC)$96.950.04%
  • polkadotPolkadot(DOT)$4.54-1.98%
  • moneroMonero(XMR)$343.241.13%
  • bitget-tokenBitget Token(BGB)$5.120.30%
  • pepePepe(PEPE)$0.0000135.14%
  • daiDai(DAI)$1.00-0.02%
  • piPi(PI)$0.731.72%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • uniswapUniswap(UNI)$5.76-0.14%
  • bittensorBittensor(TAO)$403.99-4.85%
  • nearNEAR Protocol(NEAR)$2.70-0.04%
  • aaveAave(AAVE)$217.22-1.90%
  • okbOKB(OKB)$52.33-1.52%
  • aptosAptos(APT)$4.94-3.04%
  • ondo-financeOndo(ONDO)$0.91-1.58%
  • kaspaKaspa(KAS)$0.108151-1.22%
  • internet-computerInternet Computer(ICP)$5.07-1.93%
  • ethereum-classicEthereum Classic(ETC)$17.73-2.59%
  • gatechain-tokenGateToken(GT)$21.46-0.35%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.760.26%
  • crypto-com-chainCronos(CRO)$0.095806-2.00%
  • mantleMantle(MNT)$0.730.59%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.231707-0.68%
  • vechainVeChain(VET)$0.027554-0.98%
  • render-tokenRender(RENDER)$4.46-2.13%
  • usd1World Liberty Financial USD(USD1)$1.000.03%
  • ethenaEthena(ENA)$0.361451-0.70%
  • algorandAlgorand(ALGO)$0.216317-0.38%
  • filecoinFilecoin(FIL)$2.78-0.93%
  • cosmosCosmos(ATOM)$4.71-0.43%